币界网报道：Powell testifies before Congress; Iran-Israel ceasefire holds Market performance: All three major U.S. indices rose: Dow Jones +1.19%, Nasdaq +1.43%, S&P 500 +1.11% Europe, Japan, South Korea and emerging markets broadly rose Here is today's SoSoMacro recap - highlighting the key signals driving the market right now: Fed Chairman Powell testifies before the House Powell did not rule out a July rate cut. However, he noted that key data for June and July will not be released until August, reinforcing the view that any rate adjustment may be taken in September. The market currently expects a more than 70% chance of a September rate cut. Other Fed officials Fed officials also expressed a cautious tone, with four of them reiterating that there is no rush to ease policy. So far, only Bowman and Waller have explicitly supported a July rate cut, indicating that doves within the Fed are still in the minority. Middle East tensions continue to ease: Although both Iran and Israel have violated the ceasefire, tensions have eased after President Trump criticized both sides. For now, the two sides have reached a substantive ceasefire agreement. Even with the potential for setbacks, the impact of Middle East geopolitics on risk assets is expected to fade, with markets refocusing on economic fundamentals and the Fed’s easing timetable.